* Included in Asking Price
Large Bar And Restaurant With Huge Patio & Hard Liquor License Located On Major Thoroughfare
Asking Price: $450,000
Location: Davis, Yolo County, California
Yearly Revenue: $1,200,000
Yearly Cash Flow: $180,000
Monthly Rent: 12,600 Inclusive
This newly remodeled bar and restaurant features a lively bar catering to the many locals and the over 36,000 university students at this prominent UC Davis University which is expanding exponentially. There is 3,000 sq ft of bar area with 12 craft beer handles on tap and a walk-in with glycol system, all brand new. 6 large 65" flat screen TV''s and a type 47 license seating 20 at the bar with further seating for 70 at booth''s and community tables. This popular bar is one of only a few in the city offering late night music entertainment with a large space to accommodate the crowd, see photo''s. The decoration has an Industrial sports bar look and feel with a new super energy efficient air conditioning system and low maintenance polished cement floor. Game machines are another source of income which line the rear wall. Modern large restrooms separate the bar from the 3,000 sq ft restaurant space seating 80 with it''s tiled floor, booths and table seating. The open kitchen features a double Blodgett pizza ovens under a Type 2 hood. Under a separate Type 1 hood with fire suppression system is a 6 burner stove and oven, large double burner stove, flattop and deep fryer, again all brand new. 3 Refrigerated worktops and stainless steel prep tables with a 60 quart dough mixer, large walk-in and a 2 door freezer plus dish washer area create a busy environment and capable of servicing the dining room, bar and busy ''To Go'' business. There is also an extremely useful 2 bedroom owners/manager apartment included in the total of the 6,500 sq ft space which also includes a complete security camera system. The Patio is a huge 2,000 sq ft located at the Entrance and fronts the business with over 60 feet of the walkway with 3 large gas fire pits and great curb appeal. The patio is a huge bonus area with chairs, tables and umbrella''s seating a further 80. This business has 3 separate areas, a sports bar, restaurant, late night entertainment bar with a large patio all in one, which currently opens daily from 4pm allowing for tremendous growth under new ownership. No expense has been spared on the remodel and the new 20 year lease is fully assumable and is way below market rent for the area at $12,600 per month inclusive NNN which are in most cases 50% higher. Complete the ‘Confidential Information’ request at the top of this page and we’ll send you the name, address, financials & lease information for this business opportunity. We will also send you the broker contact so you can discuss in more detail.
Organization: LLC | Year Established: 1985 | Current Owner: 2015 | Employees: Contact for Info | Seating: 250 | Square Footage: 6500 plus 2000 Patio | Parking: Parking Lot & Street | Licenses Required: Health, Business & ABC Type 47 Licenses | Days Open/Hours: 11am - 1 am Daily | Reason For Sale: Other Interests |
Yearly Revenues: $1,200,000 | Yearly Cash Flow: $180,000 |
Monthly Rent: 12,600 Inclusive | Lease Expiration: 2020 | Lease Option: Three 5 year Options | Security Deposit: 12,000 |
Seller Reference #2473
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